InvestorsHub Logo
Post# of 4967280
Next 10
Followers 7
Posts 103
Boards Moderated 0
Alias Born 06/22/2014

Re: None

Tuesday, 10/11/2016 11:44:18 AM

Tuesday, October 11, 2016 11:44:18 AM

Post# of 4967280
Tax question for gains/loss.

I lost a lot of money early this year selling stocks. Let's say $50k. Now I have stocks soaring and I want to sell to use those gains to offset the losses.

Can I periodically sell my hot stocks and immediately buy them back to store those gains? I assume they'll keep going up.

Or is there any tax laws on these "reverse wash sales"? I know you can't sell losses and buy them back or it's a wash sale, but this is the opposite. I'm selling my gains to offset a loss.

Any help is greatly appreciated!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.